Hotel development opportunity in Marylebone

  • $8,750,000
For Sale

Hotel development opportunity in Marylebone

  • $8,750,000

Overview

  • Shop, Commercial
  • Property Type
  • 44
  • Bedrooms
  • 44
  • Bathrooms

Description

A little more about the property

• Located approximately 100m from Edgeware Road Station (south side)
• Total development area of 18,443 sq ft GIA
• Planning permission granted for the development of a 44-bedroom (average room size 17 m2) hotel set over 6 floors
• Pub and two retail units on the ground floor
• Potential reconfiguration to increase room count
• Positive planning pre-application to add an extra five keys by adding one more floor to the building
• Available with full vacant possession
• Freehold
• The pub is currently closed (historic trading of £1.4m per annum)

Property features

Bar

Town/City

Letting Bedrooms

Public rooms

Development Site

Address


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  • Address The Chapel, 48 Chapel Street, London, NW1 5DP United Kingdom

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  • City London

Details

Updated on November 15, 2023 at 12:21 pm
  • Price: $8,750,000
  • Bedrooms: 44
  • Rooms: 6
  • Bathrooms: 44
  • Property Type: Shop, Commercial
  • Property Status: For Sale

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